Dr. Mahesh M. Gandhi
Managing Director & President
FrankfurtAbout AFII
Since 1996, AFII has worked across proprietary investments, infrastructure and real estate advisory, structured trade finance and long-horizon capital solutions.

How the firm evolved
AFII was founded in 1996 to manage the company’s proprietary investments. In 2001 the firm was reorganized to provide infrastructure and real estate financial advisory services, widening the scope of its work across capital structuring and project-led advisory.
Under the leadership of Dr. Mahesh P. S. Gandhi, Chairman of the Group, AFII also developed and managed structured trade finance products for State Bank of India, advised infrastructure companies on complex equity and debt structuring and supported capital raising for promoter-led positions through global mezzanine finance.
Over time, the practice expanded into project incubation, public-enterprise collaboration and a broader fund-management outlook designed to apply structured-finance knowledge across infrastructure, real estate and SMEs in India, Eastern Europe and Africa.
A continuing timeline
The business has widened carefully over time—each stage building on specific project, sector and institutional experience.
AFII was founded to manage the company’s proprietary investments and build a disciplined base for capital deployment.
The firm was reorganized to provide infrastructure and real estate financial advisory services, broadening the scope of its work.
The practice developed and managed structured trade finance products for State Bank of India and supported infrastructure companies on complex equity and debt structuring.
AFII supported Public Public Partnership initiatives in infrastructure, helping explain models to local enterprises, governments and citizen groups while anchoring global participants.
The practice continues to broaden its fund-management capability, applying structured-product knowledge across infrastructure, real estate and SMEs in India, Eastern Europe and Africa.
What shapes the approach
Every mandate begins with the cash flows, counterparties, asset realities and obligations that will remain long after a financing closes.
Infrastructure and public-sector work often depends on alignment between enterprises, governments, investors and operating partners.
The aim is not novelty for its own sake. Structures are selected for their ability to support delivery, resilience and long-term execution.
Business lines
AFII’s current platform spans connected practice areas. They bring together advisory, structuring, distribution, investment-platform and principal-investment capabilities.
We work with project sponsors and businesses on funding structures that reflect the transaction, its underlying assets and the way capital is expected to be repaid.
Public and infrastructure projects need careful alignment between funding, procurement, risk and the institutions responsible for delivery.
Financing productive business assets calls for a practical understanding of cash flow, supplier arrangements and the business behind the borrowing.
We consider long-term investment structures in the context of the underlying assets, commercial objectives and responsibilities of each participant.
Where appropriate, we explore the commercial and structural questions around direct participation in projects and asset-backed investment opportunities.
Markets & execution
AFII works with a dedicated team of senior professionals across functional disciplines. Its spread of offices and working relationships allows it to support varied transactions, capital programmes and on-ground project initiatives.
Selected leadership and senior advisory contacts from AFII’s published structure. Profiles and photography will be completed with approved material.
For a project, financing requirement or advisory conversation, write to the team and we’ll direct your enquiry appropriately.